Africa Magnetic Materials Market (2021-2027) | Growth, Size, Industry, Analysis, Outlook, Forecast, Revenue, Trends, Value, Companies, COVID-19 IMPACT & Share

Africa Magnetic Materials Market is anticipated to register sound revenues in the upcoming six years backed by an increase in the potential growth of the electronics industry. The rise in the growth of the young working population along with the rising activation rate of the population over digital platforms is leading to an increase in the deployment of electronics which simultaneously propelling the demand for magnetic materials that are used in electronic devices such as generators and motors, and this is further estimated to bolster the impressive growth of the Africa magnetic material market in the upcoming six years.

Africa Magnetic Materials Market is expected to witness growth owing to the growing automotive industry, growth in end-use industries, development and modernization of infrastructures, rising need for miniaturization and power generation devices such as generators and hydro-powered turbines. Thus, the rapid adoption of EV is expected to increase the demand for soft magnetic material for various components such as electric throttle actuation, electric steering, etc. Magnetic Materials also have a vast application in the electric industry for the creation and distribution of electricity. However, volatile raw material price is the major factor that can restrain the growth of magnetic materials in the Africa market.

According to 6Wresearch, Africa Magnetic Materials Market size is anticipated to register growth during 2021-2027. Based on regions, the Asia Pacific region is accounted for the highest revenue contribution in the overall Magnetic Materials Market. Further, North America, Europe, China are among the top contributors in the market revenues owing to rapid industrialization and growing demand from end-use industries. Further, the Asia Pacific region is expected to emerge as a potentially lucrative market for magnetic material during the forecast period, primarily due to rapid growth in the electronic industry.

Increasing demand for magnetic materials in the automobile industry, electrical industry, power generation, building technologies for hospitals, life science companies, airports, hotels, utility companies, and commercial buildings of cities verticals are expected to register maximum demand over the forecast period. Based on application, the power generation sector holds the major share of market volume owing to the high usage of equipment such as motors, generators, transformers, actuators, amongst others.

Africa Magnetic Materials Market is estimated to witness substantial growth in the coming timeframe on the back of the growth of Automotive, Electronics, Industrial, Power Generation, Healthcare, and other commercial sectors. Moreover, based on high-quality magnetic material used in the automotive industry and the use of advanced technology will boost the demand for magnetic materials coupled with the use of soft magnetic materials due to the transition expected from fuel-based vehicles to electric vehicles in the automotive industry.

Africa Magnetic Materials Market report thoroughly covers the market by product type, applications, and countries including South Africa, Kenya, Nigeria, and the rest of Africa. Africa Magnetic Materials Market outlook report provides an unbiased and detailed analysis of the ongoing Africa Magnetic Materials market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Key Highlights of the Report:

• Africa Magnetic Materials Market Outlook
• Market Size of Africa Magnetic Materials Market, 2020
• Forecast of Africa Magnetic Materials Market, 2027
• Historical Data and Forecast of Africa Magnetic Materials Revenues & Volume for the Period 2017 - 2027
• Africa Magnetic Materials Market Trend Evolution
• Africa Magnetic Materials Market Drivers and Challenges
• Africa Magnetic Materials Price Trends
• Africa Magnetic Materials Porter's Five Forces
• Africa Magnetic Materials Industry Life Cycle
• Historical Data and Forecast of Africa Magnetic Materials Market Revenues & Volume By Product Types for the Period 2017 - 2027
• Historical Data and Forecast of Africa Magnetic Materials Market Revenues & Volume By Semi-hard Magnet for the Period 2017 - 2027
• Historical Data and Forecast of Africa Magnetic Materials Market Revenues & Volume By Soft Magnet for the Period 2017 - 2027
• Historical Data and Forecast of Africa Magnetic Materials Market Revenues & Volume By Hard Magnet for the Period 2017 - 2027
• Historical Data and Forecast of South Africa Magnetic Materials Market Revenues & Volume By Product Types for the Period 2017 - 2027
• Historical Data and Forecast of South Africa Magnetic Materials Market Revenues & Volume By Semi-hard Magnet for the Period 2017 - 2027
• Historical Data and Forecast of South Africa Magnetic Materials Market Revenues & Volume By Soft Magnet for the Period 2017 - 2027
• Historical Data and Forecast of South Africa Magnetic Materials Market Revenues & Volume By Hard Magnet for the Period 2017 - 2027
• Historical Data and Forecast of Nigeria Magnetic Materials Market Revenues & Volume By Product Types for the Period 2017 - 2027
• Historical Data and Forecast of Nigeria Magnetic Materials Market Revenues & Volume By Semi-hard Magnet for the Period 2017 - 2027
• Historical Data and Forecast of Nigeria Magnetic Materials Market Revenues & Volume By Soft Magnet for the Period 2017 - 2027
• Historical Data and Forecast of Nigeria Magnetic Materials Market Revenues & Volume By Hard Magnet for the Period 2017 - 2027
• Historical Data and Forecast of Kenya Magnetic Materials Market Revenues & Volume By Product Types for the Period 2017 - 2027
• Historical Data and Forecast of Kenya Magnetic Materials Market Revenues & Volume By Semi-hard Magnet for the Period 2017 - 2027
• Historical Data and Forecast of Kenya Magnetic Materials Market Revenues & Volume By Soft Magnet for the Period 2017 - 2027
• Historical Data and Forecast of Kenya Magnetic Materials Market Revenues & Volume By Hard Magnet for the Period 2017 - 2027
• Historical Data and Forecast of Rest of Africa Magnetic Materials Market Revenues & Volume By Product Types for the Period 2017 - 2027
• Historical Data and Forecast of Rest of Africa Magnetic Materials Market Revenues & Volume By Semi-hard Magnet for the Period 2017 - 2027
• Historical Data and Forecast of Rest of Africa Magnetic Materials Market Revenues & Volume By Soft Magnet for the Period 2017 - 2027
• Historical Data and Forecast of Rest of Africa Magnetic Materials Market Revenues & Volume By Hard Magnet for the Period 2017 - 2027
• Historical Data and Forecast of Africa Magnetic Materials Market Revenues & Volume By Applications for the Period 2017 - 2027
• Historical Data and Forecast of Africa Magnetic Materials Market Revenues & Volume By Automotive for the Period 2017 - 2027
• Historical Data and Forecast of Africa Magnetic Materials Market Revenues & Volume By Electronics for the Period 2017 - 2027
• Historical Data and Forecast of Africa Magnetic Materials Market Revenues & Volume By Industrial for the Period 2017 - 2027
• Historical Data and Forecast of Africa Magnetic Materials Market Revenues & Volume By Power Generation for the Period 2017 - 2027
• Historical Data and Forecast of Africa Magnetic Materials Market Revenues & Volume By Others for the Period 2017 - 2027
• Historical Data and Forecast of South Africa Magnetic Materials Market Revenues & Volume By Applications for the Period 2017 - 2027
• Historical Data and Forecast of South Africa Magnetic Materials Market Revenues & Volume By Automotive for the Period 2017 - 2027
• Historical Data and Forecast of South Africa Magnetic Materials Market Revenues & Volume By Electronics for the Period 2017 - 2027
• Historical Data and Forecast of South Africa Magnetic Materials Market Revenues & Volume By Industrial for the Period 2017 - 2027
• Historical Data and Forecast of South Africa Magnetic Materials Market Revenues & Volume By Power Generation for the Period 2017 - 2027
• Historical Data and Forecast of South Africa Magnetic Materials Market Revenues & Volume By Others for the Period 2017 - 2027
• Historical Data and Forecast of Nigeria Magnetic Materials Market Revenues & Volume By Applications for the Period 2017 - 2027
• Historical Data and Forecast of Nigeria Magnetic Materials Market Revenues & Volume By Automotive for the Period 2017 - 2027
• Historical Data and Forecast of Nigeria Magnetic Materials Market Revenues & Volume By Electronics for the Period 2017 - 2027
• Historical Data and Forecast of Nigeria Magnetic Materials Market Revenues & Volume By Industrial for the Period 2017 - 2027
• Historical Data and Forecast of Nigeria Magnetic Materials Market Revenues & Volume By Power Generation for the Period 2017 - 2027
• Historical Data and Forecast of Nigeria Magnetic Materials Market Revenues & Volume By Others for the Period 2017 - 2027
• Historical Data and Forecast of Kenya Magnetic Materials Market Revenues & Volume By Applications for the Period 2017 - 2027
• Historical Data and Forecast of Kenya Magnetic Materials Market Revenues & Volume By Automotive for the Period 2017 - 2027
• Historical Data and Forecast of Kenya Magnetic Materials Market Revenues & Volume By Electronics for the Period 2017 - 2027
• Historical Data and Forecast of Kenya Magnetic Materials Market Revenues & Volume By Industrial for the Period 2017 - 2027
• Historical Data and Forecast of Kenya Magnetic Materials Market Revenues & Volume By Power Generation for the Period 2017 - 2027
• Historical Data and Forecast of Kenya Magnetic Materials Market Revenues & Volume By Others for the Period 2017 - 2027
• Historical Data and Forecast of Rest of Africa Magnetic Materials Market Revenues & Volume By Applications for the Period 2017 - 2027
• Historical Data and Forecast of Rest of Africa Magnetic Materials Market Revenues & Volume By Automotive for the Period 2017 - 2027
• Historical Data and Forecast of Rest of Africa Magnetic Materials Market Revenues & Volume By Electronics for the Period 2017 - 2027
• Historical Data and Forecast of Rest of Africa Magnetic Materials Market Revenues & Volume By Industrial for the Period 2017 - 2027
• Historical Data and Forecast of Rest of Africa Magnetic Materials Market Revenues & Volume By Power Generation for the Period 2017 - 2027
• Historical Data and Forecast of Rest of Africa Magnetic Materials Market Revenues & Volume By Others for the Period 2017 - 2027
• Africa Magnetic Materials Market - Key Performance Indicators
• Africa Magnetic Materials Market - Import Export Trade Statistics
• Africa Magnetic Materials Market - Opportunity Assessment By Countries
• Africa Magnetic Materials Market - Opportunity Assessment By Product Types
• Africa Magnetic Materials Market - Opportunity Assessment By Applications
• Africa Magnetic Materials Market - Top Companies Market Share
• Africa Magnetic Materials Market - Top Companies Profiles
• Africa Magnetic Materials Market - Comparison of Players in Technical and Operating Parameters
• Africa Magnetic Materials Market - Strategic Recommendations

Markets Covered

The market report covers the following segments:

• By Product Type:
• Semi-hard Magnet
• Soft Magnet
• Hard Magnet

• By Applications:
• Automotive
• Electronics
• Industrial
• Power Generation
• Others

• By Countries:
• South Africa
• Kenya
• Nigeria
• Rest of Africa

Frequently Asked Questions About the Market Study (FAQs):